- European shares hit two-week low as euro surges (Reuters)
- Harvey Pounds Texas as Epic Flooding Paralyzes Houston (BBG)
- Gasoline soars and dollar dented as Tropical Storm Harvey rages (Reuters)
- Oil markets roiled as Harvey hits U.S. petroleum industry (Reuters)
- Harvey Shuts Two of the Largest U.S. Ports (BBG)
- Trump’s Pardon of Joe Arpaio Widens Republican Split (WSJ)
- Trump’s Immigration Crackdown Is Making New Homes More Expensive (BBG)
- Trump's firm sought Moscow real estate deal during presidential run (WaPo)
- Amazon Rewrites Rule Book for Grocers (WSJ)
- Britain Argues With Itself Over Brexit, Again (BBG)
- Divers Find Remains of All Missing From USS McCain Collision (BBG)
- In a Blast From a Financial Crisis Past, CDOs Are Back (WSJ)
- The Dogs of War Are in High Demand (BBG)
- Pakistani bank says New York regulator seeks to fine it up to $630 million (Reuters)
- Danone Sends 5,000 Cows to Siberia in Quest for Cheaper Milk (BBG)
- China Is Creating the World's Largest Power Company (BBG)
- Gilead to Buy Kite Pharma for Roughly $11 Billion in Cash (WSJ)
- Euro hits 2-1/2-year high near $1.20 (Reuters)
- Islamic State readies to evacuate Syria-Lebanon border zone (Reuters)
- Uber Gets Deal-Maker, Trump Agitator in Expedia’s CEO (BBG)
- In Syrian skies, U.S. pilots learn how fast air war can morph (Reuters)
- Russia's new Washington envoy meets U.S ambassador to Russia (Reuters)
- Western Digital group finalizing $17 billion deal for Toshiba chip unit (Reuters)
- Samsung scion Lee appeals against five-year jail term for bribery (Reuters)
- FDA Warnings Meant to Protect Consumers Fall Under Trump (BBG)
- Danish court fines Uber drivers for illegal taxi driving (Reuters)
- GE shifts strategy, financial targets for digital business after missteps (Reuters)
- Trump was wrong to pardon controversial sheriff, Ryan says (Reuters)
Overnight Media Digest
WSJ
- Uber Technologies Inc’s board has voted to appoint Expedia Inc Chief Executive Dara Khosrowshahi as its new CEO, capping a tumultuous nine-week search after Travis Kalanick resigned in late June, according to people familiar with the matter. on.wsj.com/2iBXIJZ
- Facebook Inc is once again in hot water for allowing objectionable videos on its website, this time drawing a rare rebuke from a United Nations agency. on.wsj.com/2iAkySh
- The Occupational Safety and Health Administration is reducing its reporting of fatalities in the United States, part of a series of moves by the agency that are cutting back the amount of information about workplace accidents made available to the public. on.wsj.com/2izt1Fa
- Mall-based retailer Perfumania Holdings Inc has sought Chapter 11 protection with plans to reorganize around its better-performing stores. on.wsj.com/2iBQMN6
- Wireless networks along the Texas coast suffered outages as a result of Hurricane Harvey, federal regulators said, leaving customers in some counties with limited or no cellphone service. on.wsj.com/2iztUO0
FT
* British prime minister Theresa May is facing renewed pressure from her own Conservative party over Brexit after the opposition Labour Party said on Sunday it would keep Britain in the European single market and customs union for a transitional period after Brexit.
* Tropical Storm Harvey caused widespread flooding in Houston that inundated homes and submerged highways on Sunday as residents of the fourth most populous U.S. city hunkered down in anticipation of several more days of "unprecedented" rainfall.
* Uber Technologies Inc's field of candidates for a new chief executive officer narrowed further on Sunday when Jeff Immelt, chairman of General Electric Co, said he was no longer in the running for the top leadership position.
NYT
- Uber Technologies Inc chose Dara Khosrowshahi, who leads online travel company Expedia Inc, to be its chief executive on Sunday, two people with knowledge of the decision said. The selection capped a contentious search process as the ride-hailing company seeks to move past a turbulent period. nyti.ms/2xF4JfD
- CBS Corp, owner of the most-watched United States television network, agreed to buy Australian free-to-air broadcaster Ten Network Holdings Ltd, the broadcaster’s administrators said on Monday. nyti.ms/2wLhwRB
- The formal agenda and corridor conversations at the annual conference hosted by the Federal Reserve Bank of Kansas City instead of arguing about the best ways to return to faster economic growth, focused mostly on making sure things don’t get worse. nyti.ms/2ghh46v
- A Memphis movie theater’s announcement that it will discontinue its annual screening of “Gone With the Wind” over concerns that the film is insensitive has prompted a heated discussion online. nyti.ms/2xEYQ20
Britain
The Times
* Four in five BHS stores lie vacant a year after the department store chain closed its doors as the failure of the retailer continues to haunt the high street. bit.ly/2wggF8l
* Most of the five million people who have valuable pension rights clocked up from previous jobs are being neglected by their ex-employers, according to former pensions minister Steven Webb. bit.ly/2wgGxks
The Guardian
* AstraZeneca, Britain’s second-largest drugmaker, is to announce further investment in its Macclesfield site in northern England, in a boost for Britain’s 60 billion pounds life sciences industry. bit.ly/2wAQN9D
* Traditional broadcasters such as the BBC, ITV and Sky could lose a combined 1 billion pounds per year if rival services from Amazon, Facebook and YouTube become dominant players in the TV industry over the next decade, according to a report by OC&C Strategy Consultants. bit.ly/2wBhdYP
The Telegraph
* Analytics upstart AppScatter is planning to float on the London Stock Exchange’s junior Aim market with a value of 41 million pounds. bit.ly/2wBaSgd
* British cannabis-derived medicines company GW Pharma is planning to gear up its plant growing and processing operations in the UK over the next year. bit.ly/2wB8gi8
Sky News
* Canyon Bridge Capital Partners has hired advisers from the Wall Street bank Citi to work on an offer for Imagination , one of Britain’s leading technology businesses, according to Sky News. bit.ly/2wg5igv
* Lee Jae-yong, the billionaire heir to the Samsung empire has been sentenced to five years in prison after being convicted of offering bribes to South Korea’s former president. bit.ly/2wgo879
The Independent
* Aldi customers have been advised to check their bank accounts after the supermarket chain doubled-charged shoppers for their purchases. ind.pn/2wAXY1y
* German business confidence fell less than expected in August after climbing to three record highs in a row, suggesting that a consumption-led upswing in Europe's largest economy will continue despite concern about a car emissions scandal. ind.pn/2wAVDDR